According to CoinMeta, Coin Bureau indicates that this week has been marked by frequent market developments, including clear legislative proposals, the Federal Reserve's interest rate hikes, and the Bitcoin reserve bill, among others. The Bank of Japan ( BOJ ) is expected to raise interest rates to 1.25% on Friday, setting a new high in 31 years. A more significant question is how many more interest rate hikes will follow, and the governor Ueda's briefing will be crucial. If it conveys a tougher message than anticipated, it could put pressure on both the stock and crypto markets, prompting investors to re-evaluate transactions financed with cheap Japanese yen.